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  1. News - Hong Kong

    HSBC to make life easier for customers withdrawing cash abroad

    Posted Oct 07th 2013, 10:09pm by Howard Winn

    ... Howard Winn howard.winn@scmp.com The wait is over for HSBC’s long suffering customers who have been unable to withdraw cash in many countries, particularly outside Asia, using their ATM cards. HSBC will announce on Tuesday that customers can start applying for a new ATM card that uses the Plus payment network, which can be used in addition to the bank’s current ATM cards ...

    http://www.scmp.com/news/hong-kong/article/1326680/hsbc-make-life-easier-customers-withdrawing-cash-abroad
  2. Comment - Blogs

    HSBC strikes again as overseas withdrawal problems continue

    Posted Sep 08th 2013, 09:38am by Anna Healy Fenton

    ... from an HSBC ATM machine in Taunton in England. That led to the discovery of two things which have driven HSBC customers nuts this summer: firstly, that the bank had reset everyone’s overseas ... The other thing HSBC did was to ditch Plus and Cirrus in favour of the cheaper mainland China clearing house UnionPay, which operates chiefly in China. And despite the bank’s protestations ...

    http://www.scmp.com/comment/blogs/article/1306100/hsbc-strikes-again-overseas-withdrawal-problems-continue
  3. Business - Economy - Chinese economy

    Growth dips in China services sector, HSBC PMI shows

    Posted May 07th 2014, 10:29am by Reuters

    ... to a seven-month low, a private survey showed yesterday, adding to an increasingly cloudy outlook for the world's second-largest economy. The Markit/HSBC services purchasing managers' index ... a relatively resilient part of the economy, but it is not expanding at a fast enough pace to offset the manufacturing slowdown", said Qu Hongbin, the chief economist for China at HSBC. "We ...

    http://www.scmp.com/business/economy/article/1506460/growth-dips-china-services-sector-hsbc-pmi-shows
  4. Business - Economy - MANUFACTURING

    China factory sector still losing momentum, HSBC PMI shows

    Posted May 05th 2014, 10:01am by Reuters

    ... Reuters in Beijing HSBC/Markit private survey says the segment contracted for the fourth straight month in April Mainland factory sector still losing momentum: PMI Activity ... The final reading of the HSBC/Markit purchasing managers' index came in at 48.1, lower than a preliminary reading of 48.3 but up slightly from an eight-month low of 48 in March. The figure has ...

    http://www.scmp.com/business/economy/article/1504841/china-factory-sector-still-losing-momentum-hsbc-pmi-shows
  5. Business - Comment - JAKE'S VIEW

    HSBC of today lacking in vision that had helped it grow

    Posted Aug 08th 2013, 12:00am by Jake Van Der Kamp

    ... Jake van der Kamp jake.vanderkamp@scmp.com The banking giant is searching for ways to achieve earnings per share growth, but using the lean and mean strategy may be difficult HSBC of today ... is unchanged and our priorities are clear." Stuart Gulliver HSBC group chief executive SCMP, August 6 Back in the days when I worked as an investment analyst, this was the sort of statement ...

    http://www.scmp.com/business/article/1295158/hsbc-today-lacking-vision-had-helped-it-grow
  6. Business - Banking & Finance - BANKING

    Massive revamp may squeeze HSBC returns

    Posted Aug 06th 2013, 12:00am by KANIS LI

    ... squeeze HSBC returns Massive restructuring by banking giant HSBC could be about to hit the point of diminishing returns after 2-1/2 years of strategic overhaul. "The market's expectation on HSBC is too high," Ian Gordon, an analyst at Investec in London, told the South China Morning Post after the bank unveiled first-half pre-tax profit of US$14.1 billion yesterday ...

    http://www.scmp.com/business/banking-finance/article/1294556/massive-revamp-may-squeeze-hsbc-returns
  7. Comment - Blogs

    HSBC backs down over ATM cards that leave customers stranded overseas

    Posted Jul 26th 2013, 12:20pm by Anna Healy Fenton

    ... Anna Healy Fenton anna.fenton@scmp.com After a summer of complaints from frustrated and often angry customers unable to withdraw cash overseas with the new UnionPay ATM cards, HSBC has ... will bring a sigh of relief to HSBC customers who are caught cash-less overseas because their new HSBC ATM cards linked to the China-based UnionPay bank clearing system are much less widely accepted ...

    http://www.scmp.com/comment/blogs/article/1291142/hsbc-backs-down-over-atm-cards-leave-customers-stranded-overseas
  8. Comment - Insight & Opinion - LEADER

    Can HSBC find profit growth in Pearl River Delta?

    Posted Aug 10th 2013, 12:00am by SCMP Editorial

    ... SCMP Editorial Can HSBC tap Pearl River Delta? HSBC's decision to give up trying to be the world's local bank has, ironically, enabled it to report higher underlying pre-tax profit globally, with the exception of Latin America. Results for the first six months of 2013 revealed the outline of a slimmed-down HSBC after two-and-a-half years of cost-cutting aimed ...

    http://www.scmp.com/comment/insight-opinion/article/1295753/can-hsbc-find-profit-growth-pearl-river-delta
  9. Business - Banking & Finance

    Investors punish HSBC shares after interim result

    Posted Aug 06th 2013, 01:01pm by Staff Reporter

    ... Staff reporter Shares in HSBC Holdings dipped almost five per cent on Tuesday morning after interim earnings fell short of market expectations and on news that the bank might face a US$1.6 billion US lawsuit. The bank said on Monday that pre-tax profit rose to US$14.1 billion from US$12.7 billion a year ago, but missed the market consensus for a US$14.6 billion profit. HSBC also ...

    http://www.scmp.com/business/banking-finance/article/1294625/investors-punish-hsbc-shares-after-interim-result
  10. Business - Banking & Finance - RESULTS

    HSBC likely to see substantial fall in profit

    Posted Aug 05th 2013, 12:00am by KANIS LI

    ... Kanis Li kanis.li@scmp.com Bank expected to report decline of more than 26pc today, but Hang Seng profit set to soar HSBC likely to see substantial fall in profit HSBC is expected ... businesses in Europe and North America helped HSBC to post significantly higher results in the first quarter. Dominic Chan, an analyst at BNP Paribas, said he expected HSBC's business in Europe ...

    http://www.scmp.com/business/banking-finance/article/1294266/hsbc-likely-see-substantial-fall-profit

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